FONAR Wins The Wall Street Journal
Technology Innovation Award For 2007
For the FONAR UPRIGHT Multi-Position MRI
NEW YORK, September 26, 2007 - FONAR Corporation (NASDAQ-FONR),
Inventor of MR Scanning, reported today that The Wall Street
Journal announced in Monday's edition (9/24/2007) that out of
over 800 contenders FONAR has been named one of two runners-up
for The Wall Street Journal Technology Innovation Award for 2007.
The award is for the FONAR UPRIGHT Multi-Position MRI.
|A Mother and 2-year
old child sit in the FONAR Upright Muti-Position MRI
news editor of the Journal congratulated FONAR president and founder
Raymond V. Damadian, MD, in an email that stated: "We are
pleased to inform you that FONAR is a runner-up in the Medical-Devices
category of this year's Wall Street Journal Technology Innovation
Awards. You should be very proud of this achievement. We received
more than 800 entries, with only about 4% receiving an award.
Needless to say, the competition was extremely intense. Full
the awards appears in The Wall Street Journal's three global
editions on Monday as well as for online subscribers at http://online.wsj.com/page/2_1323.html."
Damadian was also invited to an awards ceremony and dinner on
October 24 in Redwood City,
California, at the Sofitel San Francisco Bay Hotel.
in The Wall Street Journal for the FONAR award reads: "The UPRIGHT MRI,
which allows improved medical imaging. A baby can be scanned sitting on the lap
of the mother, eliminating sedation." (The first recorded instance of
a child being scanned without sedation occurred at the Hospital de Madrid,
in 2003. For details visit: www.fonar.com/news/061404.htm)
The winner of the
Medical Device category for 2007 was SeQual Technologies, San Diego, California,
for developing portable equipment that provides concentrated oxygen. In 2006,
there were nine (9) runners-up in the Medical Device category but only two in
2007, the other going to Kyphon for its X-Stop device, an implant which is used
treat spinal stenosis. It is noteworthy that tests verifying the efficacy of
X-Stop were performed with the FONAR UPRIGHT Multi-Position MRI at
University of Aberdeen by Professor Francis Smith, M.D. For the peer reviewed
paper about the X-Stop and the UPRIGHT MRI visit: www.stenosidelcanalelombare.it/00_files/pdf/100SiddiquiMJSpinalDisordTech%5B1%5D.2006Jul_19(5)_328-333..pdf (Due
to its length, this URL may need to be copied/pasted into your Internet
address field. Remove the extra space if one exists.)
of the UPRIGHT MRI was given on June 11, 2007, by the Intellectual Property
Owners Education Foundation, which presented Dr. Damadian with the 2007 National
Inventor of the Year Award for the FONAR UPRIGHT Multi-Position MRI.
For details visit: www.ipoef.org
Last year FONAR
was awarded the North American Medical Imaging Industry Innovation and Advancement
of the Year Award. At that time, a Frost and Sullivan spokesman said, "For
nearly 30 years, FONAR has led the medical imaging industry in promoting the
clinical utility of MR and the multitude of applications that can be performed
with this technology. In recognition of the company's longstanding role as a
pioneering innovator of MR technology, Frost & Sullivan is proud to bestow
upon FONAR the 2006 North American Medical Imaging Industry Innovation and
Advancement of the Year Award."
The Frost and Sullivan
spokesman also said, "FONAR has also established itself as the only manufacturer
that offers an UPRIGHT Multi-Position MR scanner that allows for the
imaging of patients in seated, standing, flexion and extension positions, which
permits dynamic visualization of the fully weight-loaded spine, in contrast to
the present day pictures of the non weight-loaded spine obtained in conventional
static single-position recumbent-only MRIs." For details visit: www.fonar.com/news/112006.htm
Dr. Damadian said, "I
am delighted that FONAR has received The Wall Street Journal's recognition for
our FONAR UPRIGHT Multi-Position MRI. It is something that all
of our employees and users can also be proud of, since they all participate
the impact that the scanner is having on medicine."
More about The Wall Street Journal Technology Innovation
As part of the 2007 award nomination process, The Wall Street Journal screened
more than 800 applications, narrowing the field to about 150 entries. A panel
of 13 judges picked category winners and runners-up in 12 different entry categories,
including computing systems, energy, environment, materials and other base technologies,
media/broadcasting, medical research, medical devices, network/internet technologies,
network security, semiconductors, software and transport. Each entrant was required
to offer extensive details and explain why the entry merited consideration.
Judging criteria included innovativeness, clarity of explanation, whether the
innovation was covered by patents and if it had achieved some measure of success.
Factors the panel considered included:
- The innovation should have gone well beyond what already existed and cannot
simply represent incremental improvements.
- It needed to address major challenges
for which new solutions would have a wide-ranging impact in a particular
- The written application needed to be supported
by rigorous data rather than unsubstantiated claims of potential.
FONAR has the most accomplished history of any company in MRI.
The company's heritage helps to document the quality of its products
and distinguishes it from all other MRI companies. A timeline
of its achievements follows. It includes the groundbreaking discovery
of the principle that makes MRI imaging possible, the patent
for the first MRI, and the sale of the world's first MRI.
1969 - Original Idea for MR Scanner (Grant Application
to Health Research Council of the City of New York)*
1969 - Realizes Need for a Compelling Application to Justify
Building Human Scanner. Decides on Cancer Detection
1970 - Key Discovery Makes the MRI Possible
Discovery of the marked T1 and T2 signal differences
among the normal tissues and also between the normal tissue and
cancer tissue. Discovery enables soft-tissue detail previously
absent from medical imaging, and early cancer detection; used
today to detect cancers worldwide. "NMR developed into a
laboratory spectroscopic technique capable of examining the molecular
structure of compounds, until Damadian's ground-breaking discovery
in 1971." MRI From Picture to Proton, Cambridge University
March 1971 - First Article Published (Science)
Spring 1971 - First Ever Method Proposed (Downstate Reporter)
March 1972 - First MR Patent Filed (3D Serial Voxel Scanning
Method). Patent Issued 1974.
1976 - The Struggle Begins. Expert Declares, "Any further
discussion of scanning the human body by MR (NMR) is visionary
1976 - Construction of First Human MR Scanner Commences
1977 - Construction Completed; First Human Scan Achieved: Thoracic
Image at T-8
1980 - FONAR Installs First Commercial MRI; Initiates MRI Industry
1997 - Patent Upheld by High Court on U. S. Patents and the
U. S. Supreme Court. (1.1 Million Pages of Documentary Evidence
Scrutinized and Argued; No Prior Art)
2001 - Introduction of the FONAR UPRIGHT Multi-Position MRI
2007 - National Inventor of the Year Award for
the UPRIGHT Multi-Position MRI.
* For documents visit www.fonar.com/fonar_timeline.htm
More about the FONAR UPRIGHT Multi-Position MRI.
The FONAR UPRIGHT Multi-Position MRI
is a dramatic advance over all other MRI's, which can only scan
the patient in a recumbent-only,
non-weight-bearing position. The UPRIGHT allows the patient
to be imaged upright, with the weight of the body on the spine.
Most patients are scanned sitting, while they enjoy
watching TV. Patients can also be scanned in flexion, extension,
as well as lying down. This positional imaging allows surgeons
and radiologists to see patients in the position of their symptoms.
Studies and physician experience show that diagnosis using the
FONAR UPRIGHT changes surgical protocols and provides better
surgical outcomes in approximately 20% of the cases.
The FONAR UPRIGHT Multi-Position MRI is
also unrivaled in patient comfort. It has a near zero claustrophobic
rate by patients. It can scan obese patients who cannot fit into
a recumbent MRI, and it allows imaging of children while they
sit in their mother's lap.
Over a half million patients have been scanned
by the FONAR UPRIGHT MRI.
To date, 152 UPRIGHT MRIs have been sold. The
superiority of the technology is achieving wider recognition
Another New FONAR MRI: The FONAR 360
FONAR has invented another breakthrough MRI, the
FONAR 360. It's a room-size recumbent scanner that optimizes
facilitating physician access to the patient during surgery.
FONAR is headquartered on Long Island, New York, and has approximately